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Whether you just launched your business, or already have a business that you're trying to grow, this article is for you. As a small business owner myself, I know all too well the struggles that some business owners in Canada are going through when it comes to marketing their small business. In this post, I want to cover all the…
One of the major issues faced by small businesses is securing financing for growth and expansion. Traditional banks usually ask for a good credit score and/or collateral for the loan which disqualifies many small businesses. This is where alternative business lenders like Swoop Funding step in. Swoop Funding is a specialized business loan broker that works with banks and alternative lenders. They…
Small businesses are the backbone of British Columbia’s economy, comprising 98% of all businesses in the province. These small enterprises play a pivotal role in generating employment and economic activity. They contribute 34% to B.C.'s GDP—the highest share in Canada—and provide nearly one-third of all jobs in the province, supporting local communities and fostering entrepreneurial spirit. Despite their importance, these…
Securing financing is one of the biggest challenges for small businesses. As of December 2022, Canada had 1.22 million employer businesses, with 97.8% classified as small businesses. As of December 2022, Ontario had approximately 444,702 small businesses, representing 36.5% of all small businesses in Canada. Small businesses typically struggle to gain easy access to financing to grow their business. The…
Journey Capital (www.JourneyCapital.ca) is one of the most popular alternative lenders for businesses looking for quick and flexible financing solutions, especially those that have been rejected by traditional financial institutions like banks and credit unions. In this article, we will take an in-depth look into the services it offers, the application process, and reviews by customers. Journey Capital Overview Journey…
Looking to start your own business in the stunning province of Alberta but aren’t sure where to begin? You’re in the right place. At Little Dragon Media, we’ve been helping Alberta entrepreneurs take their first steps for years, from business registration to launching marketing initiatives with services like Google Ads and SEO. NOTE: To Register Your Business in Alberta, we…
Lender NameLoan HighlightsTop Five Banks (RBC, TD, BMO, Scotiabank, CIBC)Small business loans and lines of credit with lower interest rates, extended repayment terms; strict credit requirements, longer approval times.Merchant GrowthSpecializes in merchant cash advances and working capital loans; fast approval and flexible repayment; higher interest rates than traditional banks. Bad credit accepted. Swoop FundingProvides equipment and asset-based loans, suitable for…
As a small business, you know that investing in equipment is probably one of the most important factors for your company to grow and scale. Modern equipment can help businesses to quicken production, automate manual work, improve product quality and reduce the cost of manufacturing.: Used Equipment LenderLoan HighlightsTop Banks (BDC, Scotiabank, RBC, TD Bank, BMO)Offers competitive rates, often 100%…
